On this page of StockholderLetter.com we present the latest annual shareholder letter from VERINT SYSTEMS INC — ticker symbol VRNT. Reading current and past VRNT letters to shareholders can bring important insights into the investment thesis.

 •  5/8/2025 Letter Continued (Full PDF)
 •  5/11/2023 VRNT Stockholder Letter
 •  5/30/2024 VRNT Stockholder Letter
 •  More "Information Technology Services" Category Stockholder Letters
 •  VRNT Benford's Law Stock Score = 94

VRNT Shareholder/Stockholder Letter Transcript:

VERI NT
Annual Report for the Fiscal Year Ended
January 31, 2025


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORMlO-K
li'J
ANNUAL REPORT PURSUANT TO SECTION 13 OR l5(d) OF THE SECURITiES EXCHANGE ACT OF 1934
For the fiscal year ended January 31 , 2025
OR
0
TRANSITION REPORT PURSUANT TO SECTION 13 OR l5(d) OF THE SECURITIES EXCHANGE ACT OF
1934
For t he transition period from _ _ _ _ _ _ to _ _ _ _ _ _ __
Commission File No. 001-34807
VERI NT.
V erint Systems Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation or
Organization)
(I.R.S. Employer Identification No.)
225 Broadhollow Road
Melville, NY
(Address of Principal Executive Offices)
(Zip Code)
11-3200514
11 747
(631) 962-9600
(Registrant's Telephone Number, Including Area Code)
Securities registered pursuant to Section 12(b) of the Act:
Tradin~
Title of each class
Common Stock, $.001 par value per share
Symbol(s)
VRNT
Name of each exchan~e on which ref:istered
The NASDAQ Stock Market, LLC
(NASDAQ Global Select Market)
Securities registered pursuant to Section 12(g) of the Act:
None
(Title of Class)
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes0 No D
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the
Exchange Act. Yes D No 0
Indicate by check mark whether the registrant (1) has fi led all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes 0 No 0

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be
submitted pursuant to Rule 405 of Regulation S-T (  232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit such files). Yes 0 No D
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a
smaller reporting company, or an emerging growth company. See the defmitions of "large accelerated filer," "accelerated filer,"
"smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
I;;]
Accelerated filer
0
Non-accelerated filer
0
Smaller reporting company
Emerging growth company
0
0
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition
period for complying with any new or revised fmancial accounting standards provided pursuant to Section 13(a) of the
Exchange Act. 0
Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the
effectiveness of its internal control over fmancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.
7262(b)) by the registered public accounting finn that prepared or issued its audit report. I;;]
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the fmancial statements of
the registrant included in the filing reflect the correction of an error to previously issued financial statements. 0
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of
incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period
pursuant to   240.IOD-1 (b). D
Indicate by check mark whether the registrant is a shell company (as defmed in Rule l2b-2 of the Act). Yes 0 No 0
The aggregate market value of common stock held by non-affiliates of the registrant, based on the closing price for the
registrant's common stock on the NASDAQ Global Select Market on the last business day of the registrant's most recently
completed second fiscal quarter (July 31, 2024) was approximately $2,223,286,000.
There were 62,138,339 shares ofthe registrant's common stock outstanding on March 14,2025.
DOCUMENTS INCORPORATED BY REFERENCE
The information required by Part III of this report, to the extent not set forth herein, is incorporated herein iby reference from the
registrant's definitive proxy statement relating to the Annual Meeting of Stockholders to be held in 2025, which definitive
proxy statement shall be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal year to
which this report relates.

Verint Systems Inc. and Subsidiaries
Index to Form 10-K
As of and For the Year Ended January 31, 2025
Page
Cautionary Note on Forward-Looking Statements
]I
Risk Factor Summary
]I
PART I
Item 1.
Item lA.
Business
Risk Factors
10
Item lB.
Unresolved Staff Comments
Cybersecurity
25
25
Properties
26
27
27
Item 1C.
Item 2.
Item 3.
Item 4.
Legal Proceedings
Mine Safety Disclosures
PARTD
Item 5.
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
28
Item 6.
Item 7.
[Reserved]
30
Management's Discussion and Analysis of Financial Condition and Results of Operations
Quantitative and Qualitative Disclosures About Market Risk
31
50
53
Item 7A.
Item 8.
Item 9.
Item 9A.
Item 9B.
Item 9C.
Financial Statements and Supplementary Data
Changes in and Disagreements with Accountants on Accounting and F inancial Disclosure
Controls and Procedures
Other Information
Disclosures Regarding Foreign Jurisdictions that Prevent Inspections
110
110
112
112
PART ill
Item 10.
Directors, Executive Officers and Corporate Governance
113
Item 11.
Executive Compensation
113
Item 12.
1 13
Item 13.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder
Matters
Certain Relationships and Related Transactions, and Director Independence
Item 14.
Principal Accounting Fees and Services
114
114
Exhibits and Financial Statement Schedules
Form 10-K Surnrnary
115
118
PART IV
Item 15.
Item 16.
Signatures
119



 5/8/2025 Letter Continued (Full PDF)